Rocket mortgage introduces rate drop advantage, giving homebuyers confidence when purchasing in a rising rate environment

Exclusive product, coupled with company's existing rateshield program that locks mortgage interest rates for 90 days during home shopping, brings confidence to consumers detroit , july 27, 2022 /prnewswire/ -- rocket mortgage, america's largest mortgage lender and a part of rocket companies (nyse: rkt), today announced the introduction of rate drop advantage – an exclusive program that brings confidence to homebuyers by covering a significant portion of closing costs of a refinance transaction if interest rates drop and they refinance within three years of purchasing a home. through rate drop advantage, when clients refinance within the allotted timeframe, rocket mortgage will waive the fees for appraisal, credit report pulls, processing, underwriting and several other costs for an average savings of approximately $2,000.
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